HSBC calls for a ‘great rebalancing’ of the global economy

A stock trader claps at the end of trade at the New York Stock Exchange in New York, March 5, 2013. The Dow Jones industrial average surged to a record high at the opening bell, surpassing a key level in its recovery from the 2008 financial meltdown. The Dow Jones closed at 14253.77 points topping the previous record high of 14,164 achieved on October 9, 2007.AFP PHOTO/EMMANUEL DUNAND (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)

LONDON — A “great rebalancing” of investor portfolios away from core government bonds and a “coupon clipping environment” for markets are coming …

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